India gives Sarkozy last laugh in spat with Cameron and Boris

Nicolas Sarcozy

France closes in on £13bn Indian defence contract after Boris urges Paris bankers to move to London

BY Tim Edwards LAST UPDATED AT 11:50 ON Wed 1 Feb 2012

NICOLAS SARKOZY has had the last laugh in his latest spat with Britain after it was announced India is likely to award a £13bn fighter jet contract to a French company at the expense of the UK's BAE Systems.

The news that India has bestowed 'preferred bidder' status on Dassault Rafale in negotiations came a day after London Mayor Boris Johnson called on French bankers to move to London to avoid the eurozone's planned financial transactions tax.

"Bienvenue à Londres," said Johnson, according to the Financial Times. "This is the global capital of finance. It's on your doorstep and if your own president does not want the jobs, the opportunities and the economic growth that you generate, we do."

Johnson was ramming home a point made by his fellow Conservative, Prime Minister David Cameron, who has described as "madness" Sarkozy's plans for a financial transactions levy - also known as a 'Tobin tax' or 'Robin Hood tax'.

At an EU summit Cameron said: "If France goes for [a financial transactions tax], then the door will be open and we will be able to welcome many French banks to the United Kingdom."

The news from India will be particularly sweet for Sarkozy, who before the EU summit got into trouble with the French media for suggesting that "the United Kingdom has no industry any more".

It was later pointed out by French newspapers - and David Cameron - that the UK actually has a larger industrial sector than its neighbour across the Channel.

The loss of a £13bn defence contract to the French might go some way to addressing that imbalance. · 

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first i tell you our countries name is not INDIA ok. our countries name is Bhaarat, Aryavart, Hindusthan,
now, deal of 126 MMRCA is announced as order give to France. it's not finel announcement this is first step so UK, Germany, Italy, Spain dont crying. we are at this moment like King consumer is king soमे कहना चाहता हु कि ये बात साबित करती हे कि आज से कुछ वर्षो पेह्ले भारत
कितना समरुद्ध रहा होगा? अब आप सब तो हमारे पर निर्भर हो हमारे देश कि
सरकार देखेगी किसको ओर्डर देन हे. our countries bad luck that we still want to purchase western products. but don't worry Bhaarat again decide world's Economic & Political Order time must come.                                            
                                                                                             
                                                              धन्यवाद (thank you)
jack A**